Premium Purpose-Built Investment
This purpose-built 7-year old investment property offers a high-quality level of investment accommodation, with a design complimentary for short-term stays or room by room tenancies.
The current owners utilise public short-term stay websites to generate $99,000 in income (approximately & after booking fees) for the last 12 months with an 80% occupancy rate. With costs around $12,500 per annum excluding cleaning which they attend to themselves, the property attracts an enviable cash-flow for such a modern, low maintenance building. This high demand accommodation will only improve its position with the impending Hospital build as the requirement to accommodate professional staff and contractors of companies involved in Dunedin exceeds supply in the city. With three off-street car parks and close proximity to the CBD, the property is the ideal position and build type to maximise current and pending accommodation requirements.
This high-end property is fully furnished with stylish ensuites, sun drenched balconies and well-appointed rooms including lounge area, kitchen/dining area and cafe units in each bedroom for light food preparation.
With the designer's attention to detail, thought was put into the future possibility of separating the property into two 2-bedroom apartments. This would be subject to all appropriate resource and building consents being sought.
To view a 3D Virtual Tour of the property, click on the "VIEW VIDEO" button above.
A full Colliers Information Memorandum and additional property documentation is available to download from our Data Room accessed through the "DATAROOM" button above (on desktop version only, not mobile).
Viewings are by appointment only with the Broker.
Other investment options at www.colliers.co.nz/student-investment